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0000NOADDRESS MALAIHI ROAD Rd Wailuku, HI 96793
- Single Family Home / REO Foreclosure
Property Details for null St, Wailuku, HI 96793
Facts
- Property ID : View Details
- MLS Number : View Details
- Property Type : View Details
- County : View Details
Description
This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.
ON THE MAP IN PINK THE KONOIKI PORTION IS NOT INCLUDED IN THE SALE AS IT BELONGS TO LOT 29. THIS IS BROKEN TITLE PROPERTY. THERE IS CURRENTLY NO TMK. THE COUNTY WATER LINE ENDS AT THE TOP OF MALAIHI ROAD SO COUNTY WATER IS AVAILABLE. CATCHMENT IS THE WAY TO GO. 57" A YEAR OF RAIN IN THIS VALLEY. THERE ARE APPROX 20-27 DIFFERENT PARCELS INSIDE LOT 30 BUT AT THIS TIME THEY CANNOT BE SOLD OFF INDIVIDUALLY. SEE ASSOC. DOCS. THE NORTH WAIEHU STREAM MEANDERS IN AND OUT OF THE PROPERTY. THERE ARE OCEAN VIEWS BUT WE DON'T KNOW WHERE YET. THE BOUNDARIES ON THE WEST SIDE HAVE BEEN RECENTLY SURVEYED FOR LOT 29. THIS IS A RISK AND REWARD OPPORTUNITY. THE 2011 BANKRUPTCY APPRAISAL WAS $1,847,000. CASH SALE ONLY. NO TITLE INSURANCE. BUYER WILL NEED TO HIRE A TOP TITLE ATTORNEY TO INITIATE A QUIET TITLE ACTION WHICH WILL BE EXPENSIVE. LENDER OWNED. POSSIBLE SELLER FINANCING WITH A BIG DOWN-PAYMENT. THIS PROPERTY IS ONLY FOR A BUYER WHO IS FAMILIAR WITH BROKEN TITLE. THERE IS NOTHING PREVENTING SOMEONE FROM BUILDING ON BROKEN TITLE PROPERTY OR FARMING IT. THIS IS A LOT OF LAND FOR THE MONEY. 48 HOURS REQUIRED TO SHOW. PROOF OF FUNDS BEFORE ANY SHOWING. ALLOW 1.5 HOURS TO VIEW THE PROPERTY.
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